Tag Archives: Coca-Cola Hellenic

Coca-Cola HBC, the parent company of the Nigerian Bottling Company (NBC) reported its full year results for 2017 on Wednesday, with the soft drinks giant posting a 24% increase in profit to €426 million. Revenue grew 4.9% in the period to €6.5bn from €6.2bn in 2016.

Anheuser-Busch InBev announced on Wednesday that it had completed the sale of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA), the continents largest Coke bottler to The Coca-Cola Company (TCCC) for $3.15bn after customary adjustments, as announced on December 21, 2016.

CCBA was formed in 2016 through the merger of SABMiller’s African non-alcoholic beverage interest with The Coca-Cola Company’s South African operations and the Gutsche Family Investments, the owners of South African-based Coca-Cola Sabco.

Coca-Cola Hellenic Bottling Company (HBC AG), one of the world’s biggest Coke bottlers and the parent company of the Nigerian Bottling Company (“NBC”) have announced the death of its long-serving CEO Dimitris Lois.

The company which is based in Zug, Switzerland said in a statement on Tuesday: “We are deeply saddened by the news of Dimitris’s death. It was a great privilege to know him personally and to work alongside him for so many years,” said Anastassis David, Chairman of the Board of Directors of Coca‑Cola HBC. “Dimitris will always be remembered for his dedication to our people and for the values he stood for.”

Coca-Cola Hellenic Bottling Company (CCHBC), the parent company of the Nigerian Bottling Company (NBC) and bottler in 27 other European countries, on Thursday reported first-half results (Jan – June 2017). The company said that revenue grew 5.6% to €3.2bn ($3.77bn), up from €3bn in 2016. Total volumes rose 1.4%.

The group said that its good performance was driven by volume growth, improved packaging mix and price increases.

First reported by Reuters and Bloomberg in April, Heineken, Coca-Cola Hellenic and Castel Group are among companies that have bid for a majority stake in CCBA, according to people familiar with the matter.

Coca-Cola HBC AG, the bottler of Coca-Cola products in Nigeria and 27 other European countries said on Thursday that revenue for the first quarter of 2017 (Jan – Mar) rose 4.5% to €1.38bn ($1.49bn), up from €1.3bn in 2016. Total volumes rose 0.7% in the period.

The group attributes its good performance to strong growth in emerging markets, where sales rose 12.6% to €628.9m on a 4% volume lift. According to the company, volumes in Russia showed the first signs of recovery, recording very low single-digit volume growth for the first time in eight quarters, driven by mid-single digit increase in sparkling.

Coca-Cola HBC, the parent company of Nigerian Bottling Company (NBC) reported its full-year results on Thursday for the 2016 financial year, with revenue falling 2% to €6.2bn ($6.6bn) despite a 1% volume increase.

The company which is the Coca-Cola anchor bottler in 28 mostly European countries and Nigeria said that adverse currency movements caused the decline.